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KGO ABC7 July 3, 2024

Million. What about 2 million . Thats a bit high. Wow. Im a little shocked that its at that level. Thats right. Santa clara county association of realtors data found the median Single Family home price hit 2 million for the first time in april. Were talking the midpoint between the highest home sales price and the lowest. T data shows the top three median prices were in Los Altos Hills at 5. 8 million, monte sereno 4. 5, and saratoga at 4. 2. Only five cities in the south bay are under the median san jose at 1. 7 million, along with san martin, milpitas, morgan hill and gilroy. Scc president Michelle Perry says there are only about 700 homes for sale, and low inventory drives prices up. It has been a problem for many years and now its just out of control. The demand will not go away because the inventory is just too low. ....

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